The public sale is to
be held in the office of: Yellowwood
State Forest,
772 South Yellowwood Lake Road,
Nashville, IN. 47448.

Contact office for
special sale conditions.

Sealed bids for each
such property will be received at the office of the Property Manager until the hour
and date above set out, at which time and place all acceptable bids will be
publicly opened and read aloud, and any bids received after the designated time
will be returned unopened. Bidders are
required to submit a check payable to the Indiana Department of Natural
Resources for five percent (5%) of their bid amount with their bid as a
performance deposit. The performance
deposit amount is not part of the total sale (bid) payment, but is a separate
payment. Failure to comply with
conditions and requirements of the executed contract may result in a forfeiture
of a portion or all of this performance deposit. The property will be sold under written
contract to the responsible bidder making the highest sealed bid, provided the
bid is acceptable to the state. The
winning bidder must make a payment equal to or larger than ten percent (10%) of
the bid amount within fourteen calendar days of the bid opening. The remaining bid amount balance, if any,
shall be paid within one year of the bid opening or prior to the start of
harvest operations, whichever occurs first.
Or this remaining bid amount may be paid in installment payments, with
respective installment payments due prior to the start of harvest operations in
respective harvest areas, with the entire bid amount due within one year of the
bid opening. The bidder may pay the
entire bid amount within fourteen calendar days of bid opening. Failure to pay at least a ten percent (10%)
down payment or the full bid amount within fourteen calendar days from the date
of bid opening will result in a forfeiture of all of the performance
deposit. Failure to pay the total bid
amount within the prescribed time will result in a forfeiture of all of the
performance deposit and any down payment.
The terms of the sales will be cash, the buyer to accept delivery of the
property and to remove the property there from by March 28, 2015 which will be
the expiration date of the contract.
The State reserves the right to accept and/or reject any and/or all
bids. The Department (at its discretion)
reserves the right to rebid the sale.

Only current licensed buyers or their agents
may submit bids. Buyer should satisfy
himself as to the volume in the sale.